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Registration Requirements for Charities that Raise Funds in Florida

Most business officers know their companies must be registered annually (each May 1) with the Florida Department of State Division of Corporations, whether domestic or foreign, for profit or not-for-profit.

But if you work for or serve on the board of a nonprofit, you know it’s easy to let this important task slip by, so if you didn’t file an annual report, your organization may no longer officially exist! Check your current status as part of your internal processes at least once a year.

If your nonprofit organization solicits funds or accepts donations, you must also register with the Florida Department of Agriculture and Consumer Services. Forms and instructions for registration to solicit funds or collect donations can be found here.

The Florida Department of Revenue is the place to go to answer questions about income or sales tax, whether or not to file exemptions, registering to collect sales tax on sales or services provided to the public, etc. Tax exemptions initially come from your approved determination from the Internal Revenue Service.

For state tax information, you can contact the Florida Department of Revenue’s Taxpayer Services and if you simply need to apply for a sales tax exemption, use Form DR-5. For other common inquiries, answers can be found here.

Being a responsible corporate citizen is part of a nonprofit’s duty in exchange for the privilege of an income tax exemption. Learning and abiding by the rules satisfies your federal and state obligations, while it enables you to conduct the charitable work you’re passionate about.

If you have any questions, contact Patrick & Robinson CPAs at 904-396-5400 or Office@CPAsite.com; we’re happy to assist you with any of these obligations, processes or inquiries.

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